Violation Tracker Individual Record

Company: 
U.S. Bancorp Piper Jaffray Inc.
Current Parent Company: 
Piper Jaffray
Penalty: 
$12,500,000
Year: 
2003
Date: 
September 18, 2003
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

U.S. Bancorp Piper Jaffray agreed to pay $12.5 million to a group of states to settle allegations that its investment banking interests had undue influence on its securities research. This was part of a larger $32.5 million settlement involving the SEC; see the Violation Tracker entry at https://violationtracker.goodjobsfirst.org/violation-tracker/-us-bancorp...

Level of Government: 
state
Action Type: 
agency action
Agency: 
Multistate Financial Regulators Case
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
Minnesota
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
investment management
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.